Analysis Advice......

[Corey Woodruff]

I am currently about to make my first buy. My criteria is under 40k and im going to buy and fix up a bit and rent for cash flow. My major concern going into this is how to know which houses are good deals what are the major things you look for when buying a house with plans to rent. I live in michigan in an area where you can get a nice house for 40k. but some of the ones for 20k that need work im just scared to pull the trigger on. Is it as easy as bringing a contractor with me and having him tell me the repair cost of getting it "rent ready"  Any advice on this would help greatly and be very appreciated!